3 – What are the factors to consider before buying a life insurance policy?

Life insurance is unquestionably the need of the hour. The main points to consider when purchasing a life insurance policy are the age requirements for the policy and your stage of life, the best premium and coverage combination for you, background checks on your insurance company and agent, knowledge of the company’s claim settlement ratio, and the policy’s inclusions and exclusions. As a result, purchasing a life insurance policy is a lifetime task that should be done wisely.